NRW Holdings (NWH)

Shares in
NRW Holdings
have easily outperformed the broader market in 2011, rising 22 per cent compared with a decline of about 5 per cent for the S&P/ASX 200 Index. The company is involved in civil contracting, mining services, drilling and blasting, as well as equipment services including repairs and fabrication. Its clients include BHP Billiton, Rio Tinto and Fortsecue Metals. An obvious beneficiary of the ongoing resources boom, the company said in an investor presentation this week that it is targeting revenue of $1 billion in fiscal year 2012, almost a fourfold increase from the $278 million achieved in 2007. The company’s order book remains healthy with more than $2.5 billion in work over the next two years. This week the company was awarded a seven-month, $70 million order from Fortescue for work associated with the duplication of a rail line in the Pilbara. Substantial shareholders include fund managers AMP and Eley Griffiths.